Watch List notes:

Central Bank of the Ukraine, German Occupation, consecutive 500 karbowanez (5), Rowno, 10 March 1942, red serial numbers 4.843601-05, brown, green and violet, a chemist at right, value in underprint left centre, reverse violet and green, value at centre,, (Pick 57, Schwan-Boling 1269), good extremely fine to almost uncirculated, a handsome design (5 notes).

Estimate: £180 - £220